scary fractal (seriously you're gonna wanna see this)
ive placed the exact price action of btc right before it started its bull run, ending with the 2017 bubble, and look at this.
it is almost exact and fits right inside the lines drawn for current day price action.
but of course there was alot more back then, so we have to account for this.
i have also stretched out the price action as it is common knowledge that btc moves significantly slower today, than it did 4 years ago.
if btc continues this fractal then we are looking at a drop right down to the previous support level at around 8.5k.
interesting stuff really
not financial advice.
stay safe.
it is almost exact and fits right inside the lines drawn for current day price action.
but of course there was alot more back then, so we have to account for this.
i have also stretched out the price action as it is common knowledge that btc moves significantly slower today, than it did 4 years ago.
if btc continues this fractal then we are looking at a drop right down to the previous support level at around 8.5k.
interesting stuff really
not financial advice.
stay safe.
Comment:
ps ive put the yellow line there as it is the same length drop as the most recent one aka a measured move.
Comment:
*but of course there was alot more volatility back then, so we have to account for this.
Comment:
keep in mind right after this, we saw the biggest bull run btc had ever seen
